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Sinic Holdings (Group) Co (HKSE:02103) Receivables Turnover : 273.11 (As of Jun. 2021)


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What is Sinic Holdings (Group) Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Sinic Holdings (Group) Co's Revenue for the six months ended in Jun. 2021 was HK$13,553 Mil. Sinic Holdings (Group) Co's average Accounts Receivable for the six months ended in Jun. 2021 was HK$50 Mil. Hence, Sinic Holdings (Group) Co's Receivables Turnover for the six months ended in Jun. 2021 was 273.11.

Sinic Holdings (Group) Co Receivables Turnover Historical Data

The historical data trend for Sinic Holdings (Group) Co's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sinic Holdings (Group) Co Receivables Turnover Chart

Sinic Holdings (Group) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20
Receivables Turnover
- - - 1,292.90 910.44

Sinic Holdings (Group) Co Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Receivables Turnover Get a 7-Day Free Trial - 958.32 347.50 563.60 273.11

Competitive Comparison of Sinic Holdings (Group) Co's Receivables Turnover

For the Real Estate - Development subindustry, Sinic Holdings (Group) Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sinic Holdings (Group) Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sinic Holdings (Group) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sinic Holdings (Group) Co's Receivables Turnover falls into.


Sinic Holdings (Group) Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Sinic Holdings (Group) Co's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Receivables Turnover (A: Dec. 2020 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2020 ) / ((Accounts Receivable (A: Dec. 2019 ) + Accounts Receivable (A: Dec. 2020 )) / count )
=33273.919 / ((23.225 + 49.869) / 2 )
=33273.919 / 36.547
=910.44

Sinic Holdings (Group) Co's Receivables Turnover for the quarter that ended in Jun. 2021 is calculated as

Receivables Turnover (Q: Jun. 2021 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2021 ) / ((Accounts Receivable (Q: Dec. 2020 ) + Accounts Receivable (Q: Jun. 2021 )) / count )
=13552.994 / ((49.869 + 49.38) / 2 )
=13552.994 / 49.6245
=273.11

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sinic Holdings (Group) Co  (HKSE:02103) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Sinic Holdings (Group) Co Receivables Turnover Related Terms

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Sinic Holdings (Group) Co (HKSE:02103) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sinic Holdings (Group) Co Ltd (HKSE:02103) » Definitions » Receivables Turnover
Comparable Companies
HKSE:00081 HKSE:01243 HKSE:03377 HKSE:01966 HKSE:01628 HKSE:01622 HKSE:02768 HKSE:01638 HKSE:03301 HKSE:01238 SZSE:000002 HKSE:00688 HKSE:00016 HKSE:03333 HKSE:01109 HKSE:02007 SHSE:600048 HKSE:01113 HKSE:01918 SZSE:001979
Traded in Other Exchanges
N/A
Address
No. 988 ShenChang Road, 7th Floor, HongQiao Vanke Center T6, MinHang District, Shanghai, CHN
Website
http://www.sinicdc.com
Sinic Holdings (Group) Co Ltd is a Cayman Islands-based property developer. It is engaged in the development of residential and commercial properties. The company offers property development, property leasing, and the provision of management consulting services. It generates revenue through the sale of properties and mainly operates in Mainland China.
Executives
Zhang Yuanlin 2101 Beneficial owner
Wu Chengping 2202 Interest of your spouse
Honoured Ever Oriental Holdings Limited 2201 Interest of corporation controlled by you
Sinic Group Company Limited 2201 Interest of corporation controlled by you
Sinic Holdings Group Company Limited 2101 Beneficial owner
Tmf (cayman) Ltd. 2301 Trustee
Xin Hong Company Limited 2201 Interest of corporation controlled by you

Sinic Holdings (Group) Co (HKSE:02103) Headlines

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